GOPs debt-limit plan builds in partisan energy policies
House Speaker Kevin McCarthy released a plan to raise the debt ceiling by $1.5 trillion or suspend it until March 31, 2024, whichever occurs first. The proposal includes repealing several green energy tax incentives established under Democrats\u2019 Inflation Reduction Act. It would also enact the GOP\u2019s partisan energy bill that passed the House last month. POLITICO\u2019s Josh Siegel breaks down why the GOP is linking the debt ceiling fight to energy policy and how their plan could lay the groundwork for serious energy negotiations. Plus, President Joe Biden pledged $1 billion to the United Nations\u2019 Green Climate Fund. The move aims to bolster US credibility after former President Donald Trump and congressional Republicans previously zeroed out U.S. contributions for the program.